Consumer Loan Program
We offer a program with Happen Bank (formerly LendingClub), a leading consumer lender, that enables community banks to purchase unsecured consumer installment loans. Members can participate in consumer credit through our Happen Bank partnership without having to maintain the extensive infrastructure and processes that consumer lending requires.
Program Benefits
Efficiency & Support Services
BancAlliance facilitates the extensive due diligence process required by the program, and helps ensure participants stay current on vendor management responsibilities.
Lending & Compliance Expertise
BancAlliance has developed a full-service program that provides ongoing education, reporting and monitoring both at the program and individual participant level.
Loan Portfolio Diversification
Purchase a diversified portfolio of high credit-quality consumer loans.
To date, BancAlliance member banks have purchased over $2 billion of consumer loans through the Consumer Loan Program.
Strong Network
BancAlliance facilitates regular dialogue between program participants, allowing for the constant sharing of best practices.